Founder of Solo 401k provider used forged IRS document (IRS Letter)
For a second time, a State of Michigan Circuit Court for the County of Oakland held Jeff Trin in civil contempt for violations of the Court’s prior order by failing to delete the Better Business Bureau profile of Solo 401k Services LLC. The Court found that Mr. Trin had violated both the Court’s prior Contempt Order as well as a Preliminary Injunction entered against Mr. Trin and Solo 401k Services LLC.
Mr. Trin, founder of Solo 401k Services LLC and Retygo Financial LLC which offers on its website “IRS approved retirements plans” including Solo 401k accounts, previously pled no contest to fraudulently altering an IRS favorable determination letter. An IRS favorable determination letter is important because it allows the client to verify that the IRS has reviewed the offered Solo 401k plan documents and that the plan is a qualified plan.
The Court previously held the founder of Phoenix-based Solo 401k Services LLC and Retygo Financial LLC, in civil contempt and ordered Mr. Trin to:
- Permanently discontinue and dissolve Solo 401k Services LLC, an Arizona limited liability company, through which Mr. Trin offered self-directed retirement accounts such as self-directed Solo 401k plans.
- Shut down Solo401kServices.com, the related email accounts and telephone number as well as related Better Business Bureau profile.
On June 24, 2020, the Court held Mr. Trin in civil contempt for violations of the Court’s first Contempt Order by failing to delete the Better Business Bureau profile of Solo 401k Services and by marketing and conducting business contrary to the Court’s Preliminary Injunction.